Our family solicitor has given a fee calculation of £1350 for no sale no fee conveyancing in Thames Ditton. I’m hoping to sell a purpose built house for £175,000. Is this overpriced? Is it in excess of what I should be paying for conveyancing in Thames Ditton?
The estimate does seem marginally overpriced. If you are willing to invest time comparing charges you might decrease the fees slightly by perhaps £125. On the other hand, you maycome to regret opting for an a cheaper lawyer. Remember to check the firm can represent your lender. Do make use of our comparison tool to select a Thames Ditton conveyancing practice on the banks member panel which can often include conveyancing solicitors in Thames Ditton.
My nephew is in the process of securing a newly built flat in Thames Ditton with a home loan from Nationwide. His conveyancer has said that there is a delay in completing the ‘Disclosure of Incentive Form’. What is this document - I have never come across this before?
The form is intended to provide information to the main parties involved in the purchase. Therefore, it will be provided to your son’s lawyer who should be on the Nationwide conveyancing panel as a standard part of the process, and to the surveyor when asked. The developer will be required to start the process by downloading the form and completing it. The form will therefore need to be available for the valuer at the time of his or her site visit. The form should be sent to the Nationwide conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
What does my ID and proof of funds have anything to do with my conveyancing in Thames Ditton? Why is this being asked of me?
You are right in these requests have nothing to do with conveyancing in Thames Ditton. However these days you will not be able to complete any conveyancing transaction if you have not submitting evidence of your identity. Ordinarily this takes the form of a either your passport or driving licence and a utility bill. Remember if you are providing your driving licence as evidence of ID it must be both the paper element as well as the photo card part, one is not sufficient without the other.
Evidence of your source of money is necessary under Money Laundering Regulations. You should not be offended when you are asked to produce this as your conveyancing solicitor will need to have this information on record. Your Thames Ditton conveyancing lawyer will require evidence of proof of funds before they are able to accept any funds from you into their client account and they will also ask further questions concerning the origin of monies.
Last month we had a mortgage agreed in principle with Nottingham. Thames Ditton conveyancing practitioners have been selected. How long does it take for Nottingham to forward the offer to the solicitor?
Some lenders take longer than others. Have Nottingham completed the valuation? Have you advised Nottingham as to your lawyers' details and checked that your lawyers are on the Nottingham conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
We expect to receive a DIP from Coventry BS this week so we can work out what to offer on a property we like as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do Coventry BS recommend any Thames Ditton solicitors on the Coventry BS conveyancing panel, or is it better to go independently?
You will need to appoint Thames Ditton solicitors independently although you'll need to choose one on the Coventry BS conveyancing panel. The solicitor represents both you and Coventry BS through the process.
I have today made my last payment due on my mortgage with Nottingham. I assume I don't need a Thames Ditton property lawyer on the Nottingham panel to remove the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Nottingham mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Nottingham mortgage from the register. Nottingham, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Nottingham has sent the Land Registry the discharge electronically, and
- Nottingham has instructed the Land Registry to do so
I'm buying a new build house in Thames Ditton with a loan from Halifax. The builders refused to budge the amount so I negotiated five thousand pounds worth of additionals instead. The property agent suggested that I not disclose to my lawyer about the deal as it would impact my mortgage with the lender. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Taking into account that I am about to part with 450k on a two bedroom apartment in Thames Ditton I would like to talk to a conveyancer concerning thehouse move ahead of appointing the firm. Can this be arranged?
Absolutely - we would be pleased to talk to you we do not take any clients on without you liaising with the lawyer who will be carrying out your property ownership legalities in Thames Ditton.There is no ‘factory style conveyancing’ - each client is an important person, not a file reference. The law firms that we put you in touch with believe that the fees you are calculated and presented to you for your conveyancing in Thames Ditton should be the amount on the final invoice that you are charged.